... must accept the offer. The words used through out must be clear and unambiguous. An offer is a proposal by one party to enter into a legally binding contract with another. Acceptance occurs when the party to whom the offer is made agrees to the proposal of the person making the offer. Rules as to offer and acceptance by post 1. An offer by letter is not valid until it is received by the offeree. 2. An offer may be accepted by letter, if the parties agree on this method. 3. Acceptance by letter is valid from the time it is posted, from "when the letter drops" or the postal rule applies even if the letter of acceptance is delayed or lost in the postal system. ( Pendleton and Vickery 2003 p. 218) Revocation of offers by post. 1. Revocation by post must be received before acceptance 2. Revocation of an offer by letter is ...

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